The Effect of Digitalization on Youth Unemployment for EU Countries: Treat or Threat?

Başol, Oğuz; Sevgi, Hüseyin; Yalçın, Esin Cumhur

doi:10.3390/su151411080

Cited by 3 publications

(1 citation statement)

References 37 publications

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“…Today, the worldwide process of socio-economic digitalization is expected to bring new opportunities to address the youth unemployment issue. In this context, the measurement of digitalization becomes extremely important, especially since there is no general meaning and approach to measuring digitalization in the current literature review (Basol et al 2023). Identifying the most appropriate measurement tool is thus a rather challenging task.…”

Section: Literature Reviewmentioning

confidence: 99%

EU Diversity in Terms of Digitalization on the Labor Market in the Post-COVID-19 Context

Crisan,

Popescu,

Militaru

et al. 2023

Economies

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Digital technologies are being integrated into everyday life worldwide, constantly transforming our society and labor markets. The EU requires digitally smart people in the labor market and has promoted this through the Digital Agenda. In this context, our paper aims to investigate the diversity of the EU member states in terms of the digitalization of the labor market in the post-pandemic context. Using a multidimensional perspective, we considered indicators reflecting not only labor market specificities but also the degree of digitalization and the impact of the COVID-19 pandemic. First, the strength of the association between digitalization and the labor market indicators was quantified through a Pearson test, while the cluster analysis highlighted some patterns for the high-tech EU economies compared to the medium- and low-tech EU economies. Among the high-tech economies cluster, Finland stands out as the frontrunner in the EU’s digital transformation, with the most digitally skilled workers. At the opposite pole are the South-Eastern countries, which have the most to do to recover and still lack an effective digital policy framework to support youth workers’ access to digital training. The practical implications of our study consist mostly of providing decision-makers with directions on issues to tackle when implementing EU digital policies.

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Section: Literature Reviewmentioning

confidence: 99%

EU Diversity in Terms of Digitalization on the Labor Market in the Post-COVID-19 Context

Crisan,

Popescu,

Militaru

et al. 2023

Economies

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The impact of digital economy on green total factor productivity considering the labor-technology-pollution factors

Huang,

Chen,

et al. 2023

Sci Rep

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The digital economy provides new impetus for the high-quality development of manufacturing industry. Through the DEA-Malmquist model and panel regression model, this paper confirmed that there is a positive and significant relationship between the development of digital economy and the green total factor productivity (GTFP) of manufacturing industry. The research result is as follows: (1) the development of digital economy can enhance the overall GTFP of manufacturing industry. (2) The green technology progress brought by the development of digital economy is the main path to promote the GTFP of manufacturing industry. (3) The heterogeneity analysis shows that the impact of digital economy on GTFP of high pollution manufacturing industry is significantly positive, the impact of labor-intensive manufacturing industry is significantly negative, and the impact of technology intensive manufacturing industry is not obvious. The contributions of this study are as follow. In terms of theory, this study theoretically continues Solow’s classical theory, demonstrating the scientific nature of digital technology progress in promoting GTFP growth. In empirical analysis, this study build a new digital economy development level evaluation index system based on the perspective of manufacturing industry. In addition, this study also add a labor-technology-pollution perspective for the development of relevant policies.

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New labour market trends and developments

Durakova,

Mitrofanova

2023

Proceedings of Voronezh State University. Series: Economics and Management

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Subject. The new management paradigm arising from changes in the external and internal environment requires a change in the priority of elements that ensures the successful functioning of an economic entity, maintaining its competitiveness, and preserving the consumer segments of the produced goods and services. The priority of human resources means the need for a timely introduction of the evolutionary and revolutionary processes related to the labour force supply and demand, as its capacity reserve tends to decrease.Objectives. The purpose of the article is to provide an insight into the development of scientific thought, firstly, by regarding the evolution of traditional trends that characterise the modern labour market. Second, we described the emerging trends in the supply and demand of the labour force and the corresponding transformation of human resource management in organisations. Methodology. To achieve our objectives, we used general and empirical research methods. Analysis and synthesis were applied to obtain new knowledge on the topic. We used analysis to identify the components of the progress of scientific thought from the signal indicating the emergence of a trend to the identification of its drivers and challenges. Through analysis, we also identified the features of supply and demand of the labour force in the modern labour market, which is characterised by staff diversity. Statistical analysis revealed the current patterns of the changes in the Russian labour market, indicating the emergence of new trends. Synthesis made it possible to gain a single comprehensive view of the current cascade of trends and possible shifts in the behaviour of younger and older workers in the labour market.Results. The article presents the structured provisions that substantiate the impact of the cascade of trends on the development of the labour market and changes in the supply and demand for the labour force of younger and older workers. The outlined idea promotes the scientists’ conclusions about the existence of trend cascades. Managing these cascades in the labour market makes it possible to apply the conclusions of trendwatching to influence the emerging signals indicating the strengthening of a new trend that is undesirable for human resource policy.Conclusions. Significant shifts in the age structure of the population are changing the ageing megatrend, that has become global, as well as its impact on the labour market. The analysis methods used in the article, first of all, supported the researchers’ opinion that “success” as the goal of the new management paradigm can be achieved based on a knowledge of the trends that determine the vector of employer’s activities in order to keep up, succeed, and retain their positions several steps ahead of the competitors. Second, they allowed us to identify the mechanism of the emergence, development, and extinction of trends in the labour market and the formation of trend cascades. Third, they supported the theory of drivers that can change the substance and stability of the trend and, therefore, provide opportunities to manage it. Fourth, they allowed us to substantiate the changes in labour demand, which is characterised by a rapid and frequent change in the requirements for a worker to fill modern positions requiring new knowledge, practical and cognitive skills, and behavioural patterns. Fifth, they allowed us to demonstrate a priority shift towards new forms of dependent labour to match the new values and attitudes of employment applicants and employed personnel. Sixth, they allowed us to substantiate the potential of the segment of older workers in influencing the trend of ageism and the formation of ecosystem and occupational health policies in organisations. Seventh, they can be used to prevent in advance the disruption of the natural personnel rotation of different age generations in the labour market and the transfer of professional experience from the older generation of workers in the internal competitive environment.

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The Effect of Digitalization on Youth Unemployment for EU Countries: Treat or Threat?

Cited by 3 publications

References 37 publications

EU Diversity in Terms of Digitalization on the Labor Market in the Post-COVID-19 Context

EU Diversity in Terms of Digitalization on the Labor Market in the Post-COVID-19 Context

The impact of digital economy on green total factor productivity considering the labor-technology-pollution factors

New labour market trends and developments

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